đ $EGLD /USDT Bearish Pullback Setup Forming! đđ„
Current Price: $18.93 (-11% from $21.06 high)
24H Range: $18.50 â $21.06
$EGLDâs showing signs of a dip! đ The 1H chart reveals fading momentum after a surge to $21.06, with consistent red candles and declining volume signaling exhaustion. MultiversXâs rally may need a breather. Bears are circling! đ» Ready to short? đ
Key Levels:
- Resistance: $19.10, $19.50
- Support: $17.80, $16.80
Trade Signal:
- Entry: $18.75 â $19.15
- Take Profit:
- TP1: $17.70 (-5%)
- TP2: $16.70 (-12%)
- TP3: $15.80 (-17%)
- Stop Loss: $19.60
- Risk-Reward: ~1:3
Why It Pops:
$EGLDâs $45M 24H volume on Binance/OKX shows active trading, but fading buy pressure suggests a retracement. RSI at 52 is cooling fast, with 50 EMA at $19.00 acting as resistance. Post-pump rejection could drive price to $15.80 if sell volume spikes near $18.90. đ„
Pro Tips:
- Confirm bearish strength with sell volume near $19.10 or enter on rejection.
- Take 50% at TP1, trail stop to lock profits, aim for TP3.
- If $19.60 breaks, reassess for potential bullish reversal at $20.00.
Final Cry:
$EGLDâs ripe for a pullback! đ Donât miss this short setupâs shot at $15.80! Jump in, trade smart, and letâs ride the dip! đ Like, comment, and name the next coin!
Buy And Take Profit $EGLD